Category Archives: Taxes

Tax Deadlines and Government $$$ Updates for Gyms & Boutique Studios

Tax deadlines for gyms 2021

Should you extend your business tax return this year, and what government funding is still available? These are a few of the questions we’ve been asked recently here at The Fitness CPA.  The answer? It depends.  Our goal here is to answer some of your tax questions as a fitness business owner and look at […]

PPP Round 2.0 $$$ and More Government Help That You Deserve

PPP 2.0 Everything you need to know

No fluffy introduction here. You know the deal. If you’re here then you’re a fitness business that needs the skinny on how the new tax bill impacts your business and how to get the most upside from it. So, let me give you the need-to-know info without all the confusing details. Skip ahead to a […]

Finally… The Paycheck Protection Program Flexibility Act (Explained)

Paycheck Protection Program Flexibility Act of 2020 Explained

First off, this post is about the changes to the PPP program in the Paycheck Protection Program Flexibility Act of 2020 only. If you want a full breakdown of the PPP program please check out other blogs which go into much more detail. Second, we understand you are frustrated, and the changes are two months […]

This Is Why It’s Not Too Late to Get Thousands in PPP & EIDL $$$

We know you’re frustrated – we are too. But if you’re a gym or fitness studio, please read this blog closely. This may be your final opportunity to obtain thousands of dollars in PPP and EIDL funds (or to be next in line if they are refunded at a later time).   If you’d rather […]

More PPP Funding is Coming. Act Now and Get Thousands $$$

We’re not pitching accounting services today, hell, you might not be open next month if you don’t get some cash coming in. Today, we’re getting you money from the next round of PPP funding so you can keep your business open. Do you want to keep fighting and keep your business alive? Then read on […]

Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program

government bailouts_ppp_eidl Q&A

More Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program A lot of questions have come up regarding the new Government CARES Act and how it applies to gyms, boxes, yoga, barre and cycling studios. Today we’re answering 18 of your questions about the government bailout Paycheck Protection Program (PPP) and Economic Impact […]

What to Do with Your Fitness Employees: Unemployment and the Paycheck Protection Program

employee unemployment claim and paycheck protection program

  As business owners, employees are high on the list of our concerns. For many of us, employees are like family; we work, sweat, and play together. So how do we treat our extended family during COVID-19? And what can we do to ensure they can provide for their families during these unprecedented times, while […]

Final-ish Guidance on Free Bailout Money for Your Gym or Fitness Business

  Final guidance on the Paycheck Protection Program is here at this link. It was released Thursday, April 2 around 7pm ET. We have no resources or educators guiding us on this short timeline. Please note it is also called “Interim Final Rule” which is a bit of an oxymoron. Is it final, or it […]

Bailout Money Q&A for the Paycheck Protection Program PPP

Bailout Money Q&A for the Paycheck Protection Program                    UPDATES have been made to the Paycheck Protection Program as of April 2, 2020 – Read Updated Q&A Here.      We also did a second round of 18 Q&A’s you can read here: Government Bailouts, PPP & […]